2012 ARS to MKD Historical Review

YEARLY HIGH

11.2530 MKD

YEARLY LOW

9.5929 MKD

YEARLY AVERAGE

10.5525 MKD

2012 ARS to MKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to MKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 16, valuing the pair at 11.2530. Conversely, the yearly low was recorded on December 31, dropping to 9.5929.

This high-to-low spread represents a total annual volatility of 1.6602 MKD. From a start-to-finish perspective, comparing the January average rate of 11.0297 to the December average rate of 9.6789, the exchange rate registered a net change of -12.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 11.2530 was down 5.89% compared to the 2011 peak of 11.9579, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ARS based on timing:

Yearly Peak High 56,265 MKD

2011 Average 53,480 MKD

Yearly Trough Low 47,964 MKD

Transaction Impact: A difference of 8,300.86 MKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

11.1648

9.5438

JanuMarcMayJulySeptNove

ARS to MKD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 10.7952, compared to 10.3098 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4854 points.

H1 Avg (Jan–Jun) 10.7952

H2 Avg (Jul–Dec) 10.3098

Volatility Range Comparison

Volatility

The most volatile month in 2012 was January, with a trading range of 0.4956 MKD (High: 11.2530 / Low: 10.7575). On the other end, December was the most stable month, with a tight range of 0.2064 MKD (High: 9.7993 / Low: 9.5929).

January Spread (Volatile) ±0.4956

December Spread (Stable) ±0.2064

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.4228 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4228

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 11.0297) against the same month in 2011 (average: 11.5413), the exchange rate shifted by -0.5116 (-4.43%).

2012 Avg (January) 11.0297

2011 Avg (January) 11.5413

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2530	10.7575	11.0297
February	10.8748	10.5159	10.7033
March	10.8198	10.5475	10.6875
April	10.7364	10.5178	10.6223
May	11.0000	10.5284	10.7801
June	11.1450	10.8078	10.9481
July	11.0976	10.7642	10.9330
August	10.9434	10.5842	10.8167
September	10.5836	10.1025	10.3939
October	10.1988	9.9602	10.0679
November	10.0364	9.8113	9.9683
December	9.7993	9.5929	9.6789